Informe_Anual_Cecabank

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03 Our Business Model
Cecabank 2015 Annual Report
Securities Services
Custody and settlement services in both national and
international markets, which enable clients to cover
all markets and products types, with a single supplier.
Cecabank is one of the leading suppliers in the Spanish
market in terms of both the daily volume settled and
assets under custody.
Cecabank has designed operating solutions to offer
services to direct clients and to entities andmanagers with
a large volume of assets and number of end customers.
From our role as a leader and a specialist, we are taking
part in all the working groups which are preparing the
Reform of the Spanish Securities Market and Target 2
Securities (together with the CNMV, Iberclear, the Bank of
Spain and the European Central Bank).
We are informing our clients of the operating and
regulatory changes which the Reform and T2S will involve
through communications, seminars and conferences.
Cecabank has already added a new equities segment at
the Central Counterparty, as a General Clearing Member,
a position which enables us to extend our range of services
for brokers and all types of market players.
Activity during the year
In f inancial year 2015, the service had the
following priorities:
To provide operating support for the integration
processes of three entities and new managers in the
Depositary activity.
To take part in the working groups which have been
formed (the CNMV, IBERCLEAR, BME CLEARING, the
Bank of Spain and the European Central Bank), in
the project called “Spanish Market Reform” to adapt
operations to TARGET 2 SECURITIES.
Adapting and developing new functionalities in the
computer software which will enable us to meet
the functional requirements established by market
infrastructures within the framework of the Securities
Market Reform.
Custody and settlement
Providing our clients with access to the first group of
markets in the T2S platform.
Main figures
December 2015
Assets under custody
111,000 million euros
Trades settled
over 1,230,000
No. of trades settled
Spanish market
Equities
933,761
Public debt
152,011
Private fixed income-AIAF
24,849
Spanish market
Renta Variable
15,154 million
Public debt
23,748 million
Private fixed income-AIAF
8,663 million
International market
Fixed income
and equities
126,492
International market
Fixed income
and equities
63,893 million
Assets under custody
(At cash value expressed in euros)
The service has the AENOR-
UNE-EN ISO 9001, certification
for quality management,
which was renewed in 2015.
17%
ER-0138/2005